ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Registered number: 12867095

ARCHETYPE PROPERTY LTD

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

ARCHETYPE PROPERTY LTD

REGISTERED NUMBER: 12867095

BALANCE SHEET

AS AT 30 SEPTEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	4		1,564		2,336
			1,564		2,336
Current assets
Stocks	5	32,500		-
Debtors: amounts falling due within one year	6	108,132		-
Cash at bank and in hand	7	2,002		7,141
		142,634		7,141
Creditors: amounts falling due within one year	8	(179,668)		(67,328)
Net current liabilities			(37,034)		(60,187)
Total assets less current liabilities			(35,470)		(57,851)
Creditors: amounts falling due after more than one year	9		-		(10,000)

Net liabilities			(35,470)		(67,851)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(35,570)	(67,951)
	(35,470)	(67,851)

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ARCHETYPE PROPERTY LTD

REGISTERED NUMBER: 12867095

BALANCE SHEET (CONTINUED)

AS AT 30 SEPTEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 September 2025.

................................................

Barnaby Hunter

Director

The notes on pages 3 to 8 form part of these financial statements.

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ARCHETYPE PROPERTY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.	General information

Archetype Property Ltd is a private company limited by shares, incorporated in England and Wales. The principal activity throughout the year was that of development of building projects and consultancy.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The accounts have been prepared on a going concern basis. This assumes the continuing support of its directors, which they have pledged for the foreseeable future.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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ARCHETYPE PROPERTY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method and on reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery	-	25%	reducing balance
Fixtures and fittings	-	25%	reducing balance
Other fixed assets	-	33%	straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

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ARCHETYPE PROPERTY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

4.	Tangible fixed assets

	Plant and machinery	Fixtures and fittings	Other fixed assets	Total
	£	£	£	£
Cost or valuation
At 1 October 2023	955	282	1,481	2,718
At 30 September 2024	955	282	1,481	2,718
Depreciation
At 1 October 2023	125	10	247	382
Charge for the year on owned assets	208	68	496	772
At 30 September 2024	333	78	743	1,154
Net book value
At 30 September 2024	622	204	738	1,564
At 30 September 2023	830	272	1,234	2,336

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ARCHETYPE PROPERTY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.	Stocks
		2024	2023
		£	£

Finished goods and goods for resale	32,500	-
	32,500	-

Debtors

					2024	2023
					£	£


Amounts owed by associated undertakings	108,132	-
	108,132	-

7.	Cash and cash equivalents
		2024	2023
		£	£

Cash at bank and in hand	2,002	7,141
	2,002	7,141

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ARCHETYPE PROPERTY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

8.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Bank loans	15,133	-
Trade creditors	35,375	30,612
Other taxation and social security	2,038	-
Other creditors	125,922	36,716
Accruals and deferred income	1,200	-
	179,668	67,328

The following liabilities were secured:
	2024	2023
	£	£


Bank loans	15,133	-
	15,133	-

The bank loans are secured.

9.	Creditors: Amounts falling due after more than one year
		2024	2023
		£	£

Bank loans	-	10,000
	-	10,000

The following liabilities were secured:
	2024	2023
	£	£


Bank loans	-	10,000
	-	10,000

The bank loans are secured.

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ARCHETYPE PROPERTY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

Amounts falling due within one year
Bank loans	15,133	-
Amounts falling due 1-2 years
Bank loans	-	10,000


	15,133	10,000

11.	Controlling party

The Company is controlled by the director, Barnaby Hunter, by virtue of his shareholding as described in the Directors' report.

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